The home was arguably the best in the building because of its top-floor position,north-facing aspect and parking spot.
Five parties competed at the Bellevue Hill auction,hoping to rebuild a dream home with harbour views on a street where some neighbours sold for $30 million.
Four parties registered to bid but the winner had only done a video inspection moments before the auction began.
More than a dozen buyers turned out to compete for the two-bedroom apartment,including an investor planning to buy the unit for his adult children.
Higher income households that might have been able to buy a home a few decades ago are left renting as property prices soar.
Five developers competed and the winner plans to build a luxury family home.
A local couple trying to help their daughter purchase her first home,and another couple bidding on behalf of their overseas son,were among the bidders for the home.
The investor was able to solve the rental crisis for at least four young students,picking up a Forest Lodge terrace at auction.
The buyers beat three other bidders to win the keys to the three-bedroom home in a hot auction – to the vendors’ amazement.
From a charmer near the beach,to a renovated terrace,here are some of the best homes for sale in Sydney right now.
An uninhabitable Bondi home still drew a huge crowd of potential buyers,thanks to a favourable aspect and an enviable address.